Quote:
Originally Posted by WhipperSnapper
Telus is leasing about 1/4 of the office space. Scotia occupies far fewer than 10 floors in Brookfield Place.
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If I recall Scotia took only 5, maybe 6 floors, not 10.
And yes Telus takes 120k of 420k in Telus Sky, so nowhere near 2/3 of the building. As beautiful as it is, Westbank and their investors are going to lose their shirts on this one.
Cenovus will likely end up moving into a large chunk of their Brookfield Place obligation (though they certainly would back out of the deal if they could). They are going to leave a lot of empty real estate behind though, so while it's good news for Brookfield, its likely negative absorption for the city.